Fund managers have shown high conviction in Initial Public Offerings during August. They subscribed to the Nuvoco Vistas, Devyani International, CarTrade Tech and Krsnaa Diagnostics editions as many of these companies have unique business models and leadership positions within their industries. Major fund houses have followed a bottom-up approach in selecting stocks amid concerns about high valuations. Fund houses also increased exposure to well-placed companies in the healthcare, chemicals and telecommunications sectors, where valuations are lower than the broader market. Max Healthcare Institute, Bharti Airtel and Escorts are some of your options during the month.